Private Trust Co. NA reduced its holdings in shares of Altria Group Inc (NYSE:MO) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 69,696 shares of the company’s stock after selling 1,911 shares during the period. Altria Group comprises 0.9% of Private Trust Co. NA’s portfolio, making the stock its 23rd largest holding. Private Trust Co. NA’s holdings in Altria Group were worth $4,203,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in MO. Morgan Stanley lifted its position in Altria Group by 49.6% during the second quarter. Morgan Stanley now owns 16,461,864 shares of the company’s stock valued at $934,869,000 after purchasing an additional 5,454,989 shares during the last quarter. FMR LLC increased its position in Altria Group by 14.1% during the 2nd quarter. FMR LLC now owns 37,263,858 shares of the company’s stock valued at $2,116,214,000 after purchasing an additional 4,613,088 shares during the period. BlackRock Inc. grew its position in shares of Altria Group by 3.4% in the 2nd quarter. BlackRock Inc. now owns 138,589,215 shares of the company’s stock worth $7,870,481,000 after buying an additional 4,581,335 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Altria Group in the 2nd quarter worth approximately $178,215,000. Finally, Voya Investment Management LLC grew its position in shares of Altria Group by 354.6% in the 2nd quarter. Voya Investment Management LLC now owns 3,883,621 shares of the company’s stock worth $220,551,000 after buying an additional 3,029,307 shares during the last quarter. 63.12% of the stock is owned by institutional investors and hedge funds.
In other news, Director Dinyar S. Devitre sold 3,165 shares of the company’s stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $58.44, for a total transaction of $184,962.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.
NYSE MO traded up $0.03 on Tuesday, hitting $63.20. The company had a trading volume of 88,359 shares, compared to its average volume of 7,800,530. The firm has a market cap of $113.69 billion, a PE ratio of 18.62, a PEG ratio of 1.71 and a beta of 0.61. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.31 and a current ratio of 0.65. Altria Group Inc has a 12-month low of $53.91 and a 12-month high of $74.38.
Altria Group (NYSE:MO) last issued its quarterly earnings results on Thursday, July 26th. The company reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. The company had revenue of $4.88 billion during the quarter, compared to analyst estimates of $5.02 billion. Altria Group had a net margin of 42.00% and a return on equity of 48.88%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, equities analysts predict that Altria Group Inc will post 4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 10th. Stockholders of record on Friday, September 14th will be issued a dividend of $0.80 per share. This is a positive change from Altria Group’s previous quarterly dividend of $0.70. The ex-dividend date is Thursday, September 13th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 5.06%. Altria Group’s dividend payout ratio is presently 94.67%.
Altria Group Profile
Altria Group, Inc, through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands.
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